In such a divided world, it’s reassuring to know most of us have one nagging pet-peeve in common. The mutual enemy we speak of is, of course, overdraft charges. No matter how rarely, or by how little, you overspend compared to your checking balance – your bank will slap you with an exorbitant overdraft fee sooner than you can cry “24 billion dollars”, which, incidentally, is approximately how much banks rake annually in overdraft fees alone. Funny how that worked out.
Banks argue they are well-meaning in doling out this form of punishment – meant to teach you a stinging lesson […]